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Gary Gensler Attributes SEC’s Focus on Crypto to Financial Media and Fraud Concerns
8.5.2024
Gensler emphasized that while crypto represents a small portion of the financial markets, it disproportionally contributes to issues such as scams and frauds, attracting significant media attention.
The post Gary Gensler Attributes SEC’s Focus on Crypto to Financial Media and Fraud Concerns...
SEC pushes back against Terraform’s claims fraud happened outside US
7.5.2024
Lawyers for the commission cited several examples of Do Kwon touting UST to U.S. investors and Terraform’s former communications head making false claims about the stablecoin
U.S. DOJ Identifies and Charges LockBit Ransomware Gang Leader with Fraud, Extortion
7.5.2024
U.S. authorities have identified Russian national Dmitry Khoroshev as the mastermind behind the notorious LockBit ransomware gang, and are offering a $10 million reward for information that leads to his arrest
India Announces ‘Successful’ Crackdown on E-Nugget Scam — Seizes $10M in Crypto From Exchanges
6.5.2024
India’s Enforcement Directorate has declared its multi-year crackdown on the “E-Nugget” scam in Kolkata successful. The operation has resulted in cash and crypto seizures, along with the arrest of the mastermind. Investigations uncovered numerous dummy accounts and led to...
Former Cred execs face wire fraud and money laundering charges
4.5.2024
After attending their initial court appearance on May 2, the former CEO and CFO of Cred must enter their plea on May 8
Former Cred Executives Indicted on Wire Fraud, Other Charges
4.5.2024
Daniel Schatt, a Cred co-founder and former CEO, Joseph Podulka, former CFO, and James Alexander, the former chief capital officer, were indicted by the U.S. Attorney's Office in the Northern District of California
CFTC Commissioner wants to create AI Fraud Task Force
3.5.2024
Commissioner Kristin Johnson’s remarks came just a day after the CFTC appointed its first chief AI officer
Bitcoin pioneer faces charges in multimillion-dollar tax fraud
2.5.2024
The most recent development is an indictment with a long list of charges against Roger Ver, a well-known activist in Bitcoin, including using the mail to defraud, evading taxes, and making false tax returns. Ver is infamously known as “Bitcoin Jesus” in the cryptocurrency world for...
Web3 Lost Over $53 Million to Hackers in April 2024, $401 Million YTD – Immunefi
2.5.2024
In April 2024, Web3 lost over $53 million through 21 incidents, a 46% decrease from the previous period.
The post Web3 Lost Over $53 Million to Hackers in April 2024, $401 Million YTD – Immunefi appeared first on Cryptonews
FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme
2.5.2024
The FBI arrested a New York resident for defrauding investors of at least $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation
Bitcoin Price Prediction: BTC at $57,520 Amid FOMC Updates and Roger Ver Tax Fraud Allegations
2.5.2024
Amidst FOMC decisions and shocking tax fraud allegations against Roger Ver, Bitcoin's price teeters at $57,520, signaling unstable market conditions.
The post Bitcoin Price Prediction: BTC at $57,520 Amid FOMC Updates and Roger Ver Tax Fraud Allegations appeared first on Cryptonews
Roger Ver Arrested for $50M Tax Fraud
1.5.2024
The United States Department of Justice announced $50 million tax fraud charges against early Bitcoin investor Roger Ver, known by many as ‘Bitcoin Jesus.’
The post Roger Ver Arrested for $50M Tax Fraud appeared first on Cryptonews
India’s CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud
1.5.2024
The CBI in India has launched a nationwide search operation as part of an ongoing investigation into an app-based crypto fraudulent investment scheme.
The post India’s CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud appeared first on Cryptonews
Early Bitcoin Investor Roger Ver Arrested for Tax Fraud
1.5.2024
Roger Ver, an early investor in Bitcoin-related startups known as Bitcoin Jesus, was arrested in Spain and charged with tax fraud on Tuesday.
The post Early Bitcoin Investor Roger Ver Arrested for Tax Fraud appeared first on Cryptonews
Roger Ver Indicted for Tax Fraud
30.4.2024
US Justice Dept charges Roger Ver with tax fraud
30.4.2024
Early crypto investor ‘Bitcoin Jesus’ faces extradition to the U.S. after being charged with evading nearly $50 million in taxes
South Korean ministries look to upgrade status of crypto crime unit
29.4.2024
The temporary unit is reportedly being transformed into a permanent department as enforcement actions rise dramatically in South Korea
Four Arrested in an Alleged $1.5 Million Gold Coast Crypto Investment Scam
29.4.2024
Queensland Police have taken action against an alleged cryptocurrency investment fraud operating on the Gold Coast, resulting in the arrest and charging of four individuals.
The post Four Arrested in an Alleged $1.5 Million Gold Coast Crypto Investment Scam appeared first on Cryptonews
South Korea to Make Temporary Crypto Investigative Unit Permanent
29.4.2024
South Korea is taking decisive measures to combat the surge in cryptocurrency-related crimes and fraud cases by moving to establish its temporary crypto investigative unit as a permanent entity.
The post South Korea to Make Temporary Crypto Investigative Unit Permanent appeared first on Cryptonews
Taiwanese Prosecutors Indict 32 Individuals Implicated in $24.5 Million ACE Exchange Fraud Scheme
29.4.2024
At least 32 individuals connected to the now-defunct Taiwan-based cryptocurrency exchange, ACE Exchange, have been indicted on fraud charges. Prosecutors have recommended 20-year jail terms for the founder, David Pan, and his business partner, while a 12-year jail term has been proposed...